This doesn't look good
Discussion
Ireland's biggest problem is simply the fact that it is so small and has such a tiny population.
The Irish are not afraid to jump ship and head for a better life (like my father), which will most likey see the country return to its historical norm.
The last decade in Ireland will be seen as one of those blips on a graph by future historians.
I feel for the land of my father.......looks like they'll have to dust off the old carts and start breeding the horses again soon! (used more recently than most outside of Southern Southern Ireland are aware!).
MAM
The Irish are not afraid to jump ship and head for a better life (like my father), which will most likey see the country return to its historical norm.
The last decade in Ireland will be seen as one of those blips on a graph by future historians.
I feel for the land of my father.......looks like they'll have to dust off the old carts and start breeding the horses again soon! (used more recently than most outside of Southern Southern Ireland are aware!).
MAM
Not just that but lots of people were piling into Irish banks when their government decided to underwrite all deposits.
What happens if it looks like they can't deliver on that promise?
The German government are currently expected to bail them out. The German people won't like it very much but might just stomach it this time as the price for the Euro but aren't likely to do it for anybody else.
George Soros was already claiming the Euro may not survive.
http://news.bbc.co.uk/1/hi/business/740410.stm
I'm thinking although it's expensive now it may still be worth buying some gold. And defense shares.
What happens if it looks like they can't deliver on that promise?
The German government are currently expected to bail them out. The German people won't like it very much but might just stomach it this time as the price for the Euro but aren't likely to do it for anybody else.
George Soros was already claiming the Euro may not survive.
http://news.bbc.co.uk/1/hi/business/740410.stm
I'm thinking although it's expensive now it may still be worth buying some gold. And defense shares.
CDP said:
So could the UKNoelWatson said:
CDP said:
So could the UKBetter add tinned food and fallout shelters to that list I suppose.
CDP said:
NoelWatson said:
CDP said:
So could the UKBetter add tinned food and fallout shelters to that list I suppose.
"The cost of buying insurance against Irish government bonds rose to record highs on Friday, having almost tripled in a week"
"The cost of insuring Irish debt hit 350 basis points on Friday, meaning that for every £100 of debt it would cost £3.50 to insure against default."
It was 260bps at the end of last week, so I'm not sure why they think that it has tripled in a week. The UK is 151bps and US 87bps
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